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2016-11-29 10:49 | Report Abuse
AllianceDBS Research Sdn Bhd (AllianceDBS Research) pegged a more cautious view on AAX’s FY17 as long-haul competition might rise with the revitalised growth plans of Malaysia Airlines Bhd (MAB) while the volatile forex could also threaten the airline’s financial performance.
“Supply in Malaysian long-haul air travel looks to be larger in the near to medium term. In particular, this is due to MAB resuming capacity growth – with the help of slated deliveries of wide body A350s (one in 2017, five in 2018).
“This is in addition to recent news picking up its target of ordering 25 wide-body fleet next year (net add of 10 after replacements); though that may come in more progressively.
“This may pose a challenge to yield growth momentum if that new capacity is deployed on some of AirAsia X’s routes,” it explained.
“Internal sensitivity analysis estimates a RM6 month-on-month (m-o-m) impact for each US$0.10 movement against the ringgit.
2016-11-28 17:39 | Report Abuse
CIMB IB, TOP LOCAL INVESTMENT RESEARCH TEAM, REVISED AAX TARGET PRICE FROM RM0.21 TO RM0.19, STRONG SELL !
2016-11-28 12:38 | Report Abuse
AllianceDBS Research Sdn Bhd (AllianceDBS Research) pegged a more cautious view on AAX’s FY17 as long-haul competition might rise with the revitalised growth plans of Malaysia Airlines Bhd (MAB) while the volatile forex could also threaten the airline’s financial performance.
“Supply in Malaysian long-haul air travel looks to be larger in the near to medium term. In particular, this is due to MAB resuming capacity growth – with the help of slated deliveries of wide body A350s (one in 2017, five in 2018).
“This is in addition to recent news picking up its target of ordering 25 wide-body fleet next year (net add of 10 after replacements); though that may come in more progressively.
“This may pose a challenge to yield growth momentum if that new capacity is deployed on some of AirAsia X’s routes,” it explained.
“Internal sensitivity analysis estimates a RM6 month-on-month (m-o-m) impact for each US$0.10 movement against the ringgit.
2016-11-28 12:02 | Report Abuse
CIMB Research said Malindo continues to compete with AAX – first introducing Perth in late-2015 and more recently entering Taipei. “Meanwhile, MAS recently announced plans to double capacity to Shanghai and start its maiden flights from KL to Chongqing and Chengdu, which are both monopoly routes by AAX.
“More worrying are MAS’ price promotions, which could affect ticket pricing going forward,” it said.
On top of that, CIMB Research said ringgit depreciation might weaken earnings outlook.
2016-11-28 11:52 | Report Abuse
Good, thanks Calvin
2016-11-28 11:50 | Report Abuse
CIMB IB, TOP LOCAL INVESTMENT RESEARCH TEAM, REVISED AAX TARGET PRICE FROM RM0.21 TO RM0.19, STRONG SELL !
2016-11-25 16:54 | Report Abuse
CIMB IB, TOP LOCAL INVESTMENT RESEARCH TEAM, REVISED AAX TARGET PRICE FROM RM0.21 TO RM0.19, STRONG SELL !
2016-11-25 16:30 | Report Abuse
Buy1sell2, JJchan, richkid, 0.38 now, cheap cheap cheap, sell underwear buy, sailang, LOL
2016-11-25 16:18 | Report Abuse
if you ask Buy1sell2, he will tell you cheap cheap cheap, buy now, tp 0.80, kekekekeke, grow up Buy1sell2, business is not 1 + 1 = 2
2016-11-25 16:04 | Report Abuse
Buy1sell2, do you have money to buy back your underwear or not, please don't show us your kok, keriiiiiiiiiiiiiii, wakakakah
2016-11-24 16:53 | Report Abuse
Aussie aviation expert calls for AirAsia X suspension
Latest incident involving 'wing flap' failing to deploy is sixth in 18 months by low-cost carrier Down Under.
The latest “technical incident” involving AirAsia X in Australia has seen calls for the airline to be grounded by the relevant authority Down Under.
Referring to six separate incidents recorded over the past 18 months, aviation expert Neil Hansford even accused Australia’s Civil Aviation Safety Authority (Casa) of favouring the Malaysia-based low-cost carrier, news portal news.com.au reported recently.
The latest incident involving the low-cost carrier occurred on Oct 8, when AirAsia X flight D7-200 was diverted from the Gold Coast to Brisbane because its wing flaps had failed to fully deploy.
The wing flaps are critical in helping to slow down an aircraft when it lands, hence it was feared the A330 aircraft would overshoot the runway at Gold Coast’s Coolangatta Airport and plough into traffic.
All other flights were temporarily suspended at the Brisbane airport, where fire trucks were also placed on standby, and other aircraft cleared from the runway, ahead of the landing.
The Oct 8 incident was the sixth incident involving AirAsia X to be investigated by the Australian Transport Safety Bureau (ATSB) in 18-months.
According to news.com.au, the airline is currently under investigation for four other incidents, and the completion of another investigation from March 2015 even forced the airline to overhaul its training procedures.
On March 10, 2015, AirAsia X flight 223 departed Sydney and headed for Melbourne – instead of its intended destination, Kuala Lumpur.
The ATSB later found that the captain had inadvertently entered the wrong data into the flight computer. The flight crew were unable to correct the error and the A330 had to divert to Melbourne for landing with the assistance of Air Traffic Control.
According to news.com.au, the other four incidents under active investigation are:
a “loss of separation” involving an AirAsia X A330 and a Jetstar plane over the Gold Coast in July 2016;
an engine shutdown en route from Sydney to Kuala Lumpur, resulting in a diversion to Melbourne on Aug 16;
a taxiing incident in Melbourne last month, in which an AirAsia X aircraft began taxiing before the pushback tug and engine moved clear; and
a descent below minimum safe altitude at Gold Coast Airport on Sept 11.
2016-11-24 16:22 | Report Abuse
CIMB Research said Malindo continues to compete with AAX – first introducing Perth in late-2015 and more recently entering Taipei. “Meanwhile, MAS recently announced plans to double capacity to Shanghai and start its maiden flights from KL to Chongqing and Chengdu, which are both monopoly routes by AAX.
“More worrying are MAS’ price promotions, which could affect ticket pricing going forward,” it said.
On top of that, CIMB Research said ringgit depreciation might weaken earnings outlook.
2016-11-24 16:18 | Report Abuse
AllianceDBS Research Sdn Bhd (AllianceDBS Research) pegged a more cautious view on AAX’s FY17 as long-haul competition might rise with the revitalised growth plans of Malaysia Airlines Bhd (MAB) while the volatile forex could also threaten the airline’s financial performance.
“Supply in Malaysian long-haul air travel looks to be larger in the near to medium term. In particular, this is due to MAB resuming capacity growth – with the help of slated deliveries of wide body A350s (one in 2017, five in 2018).
“This is in addition to recent news picking up its target of ordering 25 wide-body fleet next year (net add of 10 after replacements); though that may come in more progressively.
“This may pose a challenge to yield growth momentum if that new capacity is deployed on some of AirAsia X’s routes,” it explained.
“Internal sensitivity analysis estimates a RM6 month-on-month (m-o-m) impact for each US$0.10 movement against the ringgit.
2016-11-24 16:13 | Report Abuse
New PSC rates to impact low-cost carriers
While consensus has been expecting the PSC hike by end-2016, we were surprised by the steep quantum, based on the figures quoted by The Sun. Immediate impact could lead to passengers’ volume loss for both airlines (AirAsia X and AirAsia) under our coverage. AirAsia X is especially vulnerable to any load factor loss, given that it has barely broken even in the second quarter of 2016.
by Affin Hwang Investment
2016-11-24 16:07 | Report Abuse
Macquarie Equities Research (MQ Research), top foreign research house,
AirAsia X (AAX MK, RM0.39, Underperform, TP: RM0.33)
STRONG SELL !!!
2016-11-24 15:56 | Report Abuse
CIMB IB, TOP LOCAL INVESTMENT RESEARCH TEAM, REVISED AAX TARGET PRICE FROM RM0.21 TO RM0.19, STRONG SELL !
2016-11-23 09:47 | Report Abuse
Macquarie Equities Research (MQ Research), top foreign research house,
AirAsia X (AAX MK, RM0.39, Underperform, TP: RM0.33)
STRONG SELL !!!
2016-11-23 09:45 | Report Abuse
panic panic panic selling.....................
2016-11-22 20:23 | Report Abuse
Posted by JJchan > Nov 22, 2016 04:36 PM | Report Abuse
If Tony didn't increase fare in 3Q then profit should be around 50-60m -----but i think Tony did
increase fare so i expect around 90m profit
MY ASS JJchan, better change your id to JJkok, kekekekeke
2016-11-18 00:03 | Report Abuse
ok, Buy1sell2 always like to shout tmr AAX sure 0.50 buy buy buy, RUBBISH Buy1sell2 must leave
2016-11-16 16:51 | Report Abuse
Macquarie Equities Research (MQ Research), top foreign research house,
AirAsia X (AAX MK, RM0.39, Underperform, TP: RM0.33)
STRONG SELL !!!
2016-11-16 16:51 | Report Abuse
JJchan hiding, Buy1sell2 without underwear bird shaking, richkid offer his backside to cover margin call, wakakakakah
2016-11-16 16:27 | Report Abuse
if you ask Buy1sell2, he will tell you 2morow rally, fly, TP 0.80, ha ha ha ha ha ha
2016-11-16 16:17 | Report Abuse
Buy1sell2 sold his underwear to buy AAX, not shaking and crying in the toilet, wakakakakah
2016-11-14 10:47 | Report Abuse
Buy1sell2 sold his underwear to buy AAX, now panic and crazy, wakakakah, JJchan and richkid hiding in toilet, kekekeke
2016-11-10 23:06 | Report Abuse
according to Ben , 4.40 AAX will make a loss, so you guys listen to idiot like JJchan, Buy1sell2 and richkid or the CEO, the choice is yours
2016-11-07 10:41 | Report Abuse
FRAUD
A Deloitte Touche investigation into Air-Asia India appeared to show irregularities in financial transactions involving companies in India and Singapore.
2016-10-31 16:04 | Report Abuse
New PSC rates to impact low-cost carriers
While consensus has been expecting the PSC hike by end-2016, we were surprised by the steep quantum, based on the figures quoted by The Sun. Immediate impact could lead to passengers’ volume loss for both airlines (AirAsia X and AirAsia) under our coverage. AirAsia X is especially vulnerable to any load factor loss, given that it has barely broken even in the second quarter of 2016.
by Affin Hwang Investment
2016-10-25 14:23 | Report Abuse
New PSC rates to impact low-cost carriers
While consensus has been expecting the PSC hike by end-2016, we were surprised by the steep quantum, based on the figures quoted by The Sun. Immediate impact could lead to passengers’ volume loss for both airlines (AirAsia X and AirAsia) under our coverage. AirAsia X is especially vulnerable to any load factor loss, given that it has barely broken even in the second quarter of 2016.
by Affin Hwang Investment
2016-10-25 12:58 | Report Abuse
Macquarie Equities Research (MQ Research), top foreign research house,
AirAsia X (AAX MK, RM0.39, Underperform, TP: RM0.33)
STRONG SELL !!!
2016-10-25 11:56 | Report Abuse
Aussie aviation expert calls for AirAsia X suspension
Latest incident involving 'wing flap' failing to deploy is sixth in 18 months by low-cost carrier Down Under.
The latest “technical incident” involving AirAsia X in Australia has seen calls for the airline to be grounded by the relevant authority Down Under.
Referring to six separate incidents recorded over the past 18 months, aviation expert Neil Hansford even accused Australia’s Civil Aviation Safety Authority (Casa) of favouring the Malaysia-based low-cost carrier, news portal news.com.au reported recently.
The latest incident involving the low-cost carrier occurred on Oct 8, when AirAsia X flight D7-200 was diverted from the Gold Coast to Brisbane because its wing flaps had failed to fully deploy.
The wing flaps are critical in helping to slow down an aircraft when it lands, hence it was feared the A330 aircraft would overshoot the runway at Gold Coast’s Coolangatta Airport and plough into traffic.
All other flights were temporarily suspended at the Brisbane airport, where fire trucks were also placed on standby, and other aircraft cleared from the runway, ahead of the landing.
The Oct 8 incident was the sixth incident involving AirAsia X to be investigated by the Australian Transport Safety Bureau (ATSB) in 18-months.
According to news.com.au, the airline is currently under investigation for four other incidents, and the completion of another investigation from March 2015 even forced the airline to overhaul its training procedures.
On March 10, 2015, AirAsia X flight 223 departed Sydney and headed for Melbourne – instead of its intended destination, Kuala Lumpur.
The ATSB later found that the captain had inadvertently entered the wrong data into the flight computer. The flight crew were unable to correct the error and the A330 had to divert to Melbourne for landing with the assistance of Air Traffic Control.
According to news.com.au, the other four incidents under active investigation are:
a “loss of separation” involving an AirAsia X A330 and a Jetstar plane over the Gold Coast in July 2016;
an engine shutdown en route from Sydney to Kuala Lumpur, resulting in a diversion to Melbourne on Aug 16;
a taxiing incident in Melbourne last month, in which an AirAsia X aircraft began taxiing before the pushback tug and engine moved clear; and
a descent below minimum safe altitude at Gold Coast Airport on Sept 11.
2016-10-24 17:55 | Report Abuse
Aussie aviation expert calls for AirAsia X suspension
Latest incident involving 'wing flap' failing to deploy is sixth in 18 months by low-cost carrier Down Under.
The latest “technical incident” involving AirAsia X in Australia has seen calls for the airline to be grounded by the relevant authority Down Under.
Referring to six separate incidents recorded over the past 18 months, aviation expert Neil Hansford even accused Australia’s Civil Aviation Safety Authority (Casa) of favouring the Malaysia-based low-cost carrier, news portal news.com.au reported recently.
The latest incident involving the low-cost carrier occurred on Oct 8, when AirAsia X flight D7-200 was diverted from the Gold Coast to Brisbane because its wing flaps had failed to fully deploy.
The wing flaps are critical in helping to slow down an aircraft when it lands, hence it was feared the A330 aircraft would overshoot the runway at Gold Coast’s Coolangatta Airport and plough into traffic.
All other flights were temporarily suspended at the Brisbane airport, where fire trucks were also placed on standby, and other aircraft cleared from the runway, ahead of the landing.
The Oct 8 incident was the sixth incident involving AirAsia X to be investigated by the Australian Transport Safety Bureau (ATSB) in 18-months.
According to news.com.au, the airline is currently under investigation for four other incidents, and the completion of another investigation from March 2015 even forced the airline to overhaul its training procedures.
On March 10, 2015, AirAsia X flight 223 departed Sydney and headed for Melbourne – instead of its intended destination, Kuala Lumpur.
The ATSB later found that the captain had inadvertently entered the wrong data into the flight computer. The flight crew were unable to correct the error and the A330 had to divert to Melbourne for landing with the assistance of Air Traffic Control.
According to news.com.au, the other four incidents under active investigation are:
a “loss of separation” involving an AirAsia X A330 and a Jetstar plane over the Gold Coast in July 2016;
an engine shutdown en route from Sydney to Kuala Lumpur, resulting in a diversion to Melbourne on Aug 16;
a taxiing incident in Melbourne last month, in which an AirAsia X aircraft began taxiing before the pushback tug and engine moved clear; and
a descent below minimum safe altitude at Gold Coast Airport on Sept 11.
2016-10-24 16:14 | Report Abuse
New PSC rates to impact low-cost carriers
While consensus has been expecting the PSC hike by end-2016, we were surprised by the steep quantum, based on the figures quoted by The Sun. Immediate impact could lead to passengers’ volume loss for both airlines (AirAsia X and AirAsia) under our coverage. AirAsia X is especially vulnerable to any load factor loss, given that it has barely broken even in the second quarter of 2016.
by Affin Hwang Investment
2016-10-24 12:19 | Report Abuse
The Organization of the Petroleum Exporting Countries agreed to limit its production to a range of 32.5 million to 33.0 million barrels per day (bpd) in talks held on the sidelines of an energy conference in Algeria, Reuters reported.
US light crude had risen 28 cents to $47.33 a barrel by 0020 GMT, after closing the previous session up US$2.38, or 5.3%. Brent crude climbed 31 cents to US$49 a barrel, having settled up US$2.72, or 5.9%.
OIL above USD80 soon
2016-10-24 11:24 | Report Abuse
Macquarie Equities Research (MQ Research), top foreign research house,
AirAsia X (AAX MK, RM0.39, Underperform, TP: RM0.33)
STRONG SELL !!!
2016-10-24 10:45 | Report Abuse
Aussie aviation expert calls for AirAsia X suspension
Latest incident involving 'wing flap' failing to deploy is sixth in 18 months by low-cost carrier Down Under.
The latest “technical incident” involving AirAsia X in Australia has seen calls for the airline to be grounded by the relevant authority Down Under.
Referring to six separate incidents recorded over the past 18 months, aviation expert Neil Hansford even accused Australia’s Civil Aviation Safety Authority (Casa) of favouring the Malaysia-based low-cost carrier, news portal news.com.au reported recently.
The latest incident involving the low-cost carrier occurred on Oct 8, when AirAsia X flight D7-200 was diverted from the Gold Coast to Brisbane because its wing flaps had failed to fully deploy.
The wing flaps are critical in helping to slow down an aircraft when it lands, hence it was feared the A330 aircraft would overshoot the runway at Gold Coast’s Coolangatta Airport and plough into traffic.
All other flights were temporarily suspended at the Brisbane airport, where fire trucks were also placed on standby, and other aircraft cleared from the runway, ahead of the landing.
The Oct 8 incident was the sixth incident involving AirAsia X to be investigated by the Australian Transport Safety Bureau (ATSB) in 18-months.
According to news.com.au, the airline is currently under investigation for four other incidents, and the completion of another investigation from March 2015 even forced the airline to overhaul its training procedures.
On March 10, 2015, AirAsia X flight 223 departed Sydney and headed for Melbourne – instead of its intended destination, Kuala Lumpur.
The ATSB later found that the captain had inadvertently entered the wrong data into the flight computer. The flight crew were unable to correct the error and the A330 had to divert to Melbourne for landing with the assistance of Air Traffic Control.
According to news.com.au, the other four incidents under active investigation are:
a “loss of separation” involving an AirAsia X A330 and a Jetstar plane over the Gold Coast in July 2016;
an engine shutdown en route from Sydney to Kuala Lumpur, resulting in a diversion to Melbourne on Aug 16;
a taxiing incident in Melbourne last month, in which an AirAsia X aircraft began taxiing before the pushback tug and engine moved clear; and
a descent below minimum safe altitude at Gold Coast Airport on Sept 11.
2016-10-21 16:13 | Report Abuse
credit suiise latest target price, Asia X (AAX MK, RM0.39, Underperform, TP: RM0.32)
STRONG SELL !
2016-10-21 15:04 | Report Abuse
Macquarie Equities Research (MQ Research), top foreign research house,
AirAsia X (AAX MK, RM0.39, Underperform, TP: RM0.33)
STRONG SELL !!!
2016-10-21 12:40 | Report Abuse
The Organization of the Petroleum Exporting Countries agreed to limit its production to a range of 32.5 million to 33.0 million barrels per day (bpd) in talks held on the sidelines of an energy conference in Algeria, Reuters reported.
US light crude had risen 28 cents to $47.33 a barrel by 0020 GMT, after closing the previous session up US$2.38, or 5.3%. Brent crude climbed 31 cents to US$49 a barrel, having settled up US$2.72, or 5.9%.
OIL above USD80 soon
2016-10-21 11:53 | Report Abuse
Aussie aviation expert calls for AirAsia X suspension
Latest incident involving 'wing flap' failing to deploy is sixth in 18 months by low-cost carrier Down Under.
The latest “technical incident” involving AirAsia X in Australia has seen calls for the airline to be grounded by the relevant authority Down Under.
Referring to six separate incidents recorded over the past 18 months, aviation expert Neil Hansford even accused Australia’s Civil Aviation Safety Authority (Casa) of favouring the Malaysia-based low-cost carrier, news portal news.com.au reported recently.
The latest incident involving the low-cost carrier occurred on Oct 8, when AirAsia X flight D7-200 was diverted from the Gold Coast to Brisbane because its wing flaps had failed to fully deploy.
The wing flaps are critical in helping to slow down an aircraft when it lands, hence it was feared the A330 aircraft would overshoot the runway at Gold Coast’s Coolangatta Airport and plough into traffic.
All other flights were temporarily suspended at the Brisbane airport, where fire trucks were also placed on standby, and other aircraft cleared from the runway, ahead of the landing.
The Oct 8 incident was the sixth incident involving AirAsia X to be investigated by the Australian Transport Safety Bureau (ATSB) in 18-months.
According to news.com.au, the airline is currently under investigation for four other incidents, and the completion of another investigation from March 2015 even forced the airline to overhaul its training procedures.
On March 10, 2015, AirAsia X flight 223 departed Sydney and headed for Melbourne – instead of its intended destination, Kuala Lumpur.
The ATSB later found that the captain had inadvertently entered the wrong data into the flight computer. The flight crew were unable to correct the error and the A330 had to divert to Melbourne for landing with the assistance of Air Traffic Control.
According to news.com.au, the other four incidents under active investigation are:
a “loss of separation” involving an AirAsia X A330 and a Jetstar plane over the Gold Coast in July 2016;
an engine shutdown en route from Sydney to Kuala Lumpur, resulting in a diversion to Melbourne on Aug 16;
a taxiing incident in Melbourne last month, in which an AirAsia X aircraft began taxiing before the pushback tug and engine moved clear; and
a descent below minimum safe altitude at Gold Coast Airport on Sept 11.
2016-10-20 17:02 | Report Abuse
New PSC rates to impact low-cost carriers
While consensus has been expecting the PSC hike by end-2016, we were surprised by the steep quantum, based on the figures quoted by The Sun. Immediate impact could lead to passengers’ volume loss for both airlines (AirAsia X and AirAsia) under our coverage. AirAsia X is especially vulnerable to any load factor loss, given that it has barely broken even in the second quarter of 2016.
by Affin Hwang Investment
2016-10-20 12:42 | Report Abuse
Oil is going through the roof after a report that OPEC reached a deal to limit production
Oil is going through the roof following a Reuters report citing "sources" that says OPEC has reached a deal to limit oil production, with the deal coming into effect in November. Prices for Brent crude oil, the international benchmark, surged by as much 6.3%
2016-10-20 12:03 | Report Abuse
Aussie aviation expert calls for AirAsia X suspension
Latest incident involving 'wing flap' failing to deploy is sixth in 18 months by low-cost carrier Down Under.
The latest “technical incident” involving AirAsia X in Australia has seen calls for the airline to be grounded by the relevant authority Down Under.
Referring to six separate incidents recorded over the past 18 months, aviation expert Neil Hansford even accused Australia’s Civil Aviation Safety Authority (Casa) of favouring the Malaysia-based low-cost carrier, news portal news.com.au reported recently.
The latest incident involving the low-cost carrier occurred on Oct 8, when AirAsia X flight D7-200 was diverted from the Gold Coast to Brisbane because its wing flaps had failed to fully deploy.
The wing flaps are critical in helping to slow down an aircraft when it lands, hence it was feared the A330 aircraft would overshoot the runway at Gold Coast’s Coolangatta Airport and plough into traffic.
All other flights were temporarily suspended at the Brisbane airport, where fire trucks were also placed on standby, and other aircraft cleared from the runway, ahead of the landing.
The Oct 8 incident was the sixth incident involving AirAsia X to be investigated by the Australian Transport Safety Bureau (ATSB) in 18-months.
According to news.com.au, the airline is currently under investigation for four other incidents, and the completion of another investigation from March 2015 even forced the airline to overhaul its training procedures.
On March 10, 2015, AirAsia X flight 223 departed Sydney and headed for Melbourne – instead of its intended destination, Kuala Lumpur.
The ATSB later found that the captain had inadvertently entered the wrong data into the flight computer. The flight crew were unable to correct the error and the A330 had to divert to Melbourne for landing with the assistance of Air Traffic Control.
According to news.com.au, the other four incidents under active investigation are:
a “loss of separation” involving an AirAsia X A330 and a Jetstar plane over the Gold Coast in July 2016;
an engine shutdown en route from Sydney to Kuala Lumpur, resulting in a diversion to Melbourne on Aug 16;
a taxiing incident in Melbourne last month, in which an AirAsia X aircraft began taxiing before the pushback tug and engine moved clear; and
a descent below minimum safe altitude at Gold Coast Airport on Sept 11.
2016-10-19 16:35 | Report Abuse
Aussie aviation expert calls for AirAsia X suspension
Latest incident involving 'wing flap' failing to deploy is sixth in 18 months by low-cost carrier Down Under.
The latest “technical incident” involving AirAsia X in Australia has seen calls for the airline to be grounded by the relevant authority Down Under.
Referring to six separate incidents recorded over the past 18 months, aviation expert Neil Hansford even accused Australia’s Civil Aviation Safety Authority (Casa) of favouring the Malaysia-based low-cost carrier, news portal news.com.au reported recently.
The latest incident involving the low-cost carrier occurred on Oct 8, when AirAsia X flight D7-200 was diverted from the Gold Coast to Brisbane because its wing flaps had failed to fully deploy.
The wing flaps are critical in helping to slow down an aircraft when it lands, hence it was feared the A330 aircraft would overshoot the runway at Gold Coast’s Coolangatta Airport and plough into traffic.
All other flights were temporarily suspended at the Brisbane airport, where fire trucks were also placed on standby, and other aircraft cleared from the runway, ahead of the landing.
The Oct 8 incident was the sixth incident involving AirAsia X to be investigated by the Australian Transport Safety Bureau (ATSB) in 18-months.
According to news.com.au, the airline is currently under investigation for four other incidents, and the completion of another investigation from March 2015 even forced the airline to overhaul its training procedures.
On March 10, 2015, AirAsia X flight 223 departed Sydney and headed for Melbourne – instead of its intended destination, Kuala Lumpur.
The ATSB later found that the captain had inadvertently entered the wrong data into the flight computer. The flight crew were unable to correct the error and the A330 had to divert to Melbourne for landing with the assistance of Air Traffic Control.
According to news.com.au, the other four incidents under active investigation are:
a “loss of separation” involving an AirAsia X A330 and a Jetstar plane over the Gold Coast in July 2016;
an engine shutdown en route from Sydney to Kuala Lumpur, resulting in a diversion to Melbourne on Aug 16;
a taxiing incident in Melbourne last month, in which an AirAsia X aircraft began taxiing before the pushback tug and engine moved clear; and
a descent below minimum safe altitude at Gold Coast Airport on Sept 11.
Stock: [AAX]: AIRASIA X BERHAD
2016-11-29 14:40 | Report Abuse
CIMB Research said Malindo continues to compete with AAX – first introducing Perth in late-2015 and more recently entering Taipei. “Meanwhile, MAS recently announced plans to double capacity to Shanghai and start its maiden flights from KL to Chongqing and Chengdu, which are both monopoly routes by AAX.
“More worrying are MAS’ price promotions, which could affect ticket pricing going forward,” it said.
On top of that, CIMB Research said ringgit depreciation might weaken earnings outlook.